Archives for May 2018
Top offshore regulator says "renewal of optimism" behind drilling rise in Gulf of Mexico
The top U.S. offshore safety official said Wednesday that a recent rise in drilling activity in the Gulf of Mexico was in part the result of a “renewal of optimism” following the Trump administration’s push...
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Oil extends slide as Russia talks of easing OPEC supply curbs
Oil declined for a third day in New York after Russia’s energy minister reiterated that OPEC and its partners will discuss phasing out supply curbs when they meet next month. Source: FuelFix
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The $100 a barrel oil wager comes back to the options market
Some options traders are betting on $100 oil again. Whether it’s the specter of sanctions on Iran, Venezuela’s output plunge, or a momentum play on the back of the past year’s 46 percent surge in...
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Crude inventories take large surprise jump
Oil prices dipped Wednesday morning after U.S. inventories of crude showed a surprise jump last week with the nation’s refining system operating below its typical utilization. Source: FuelFix
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Ultra Petroleum moving from Houston to Denver after bankruptcy
Houston-based natural gas producer Ultra Petroleum said it will move its headquarters to the Denver area in September following its recent emergence from bankruptcy and the retirement of its longtime chairman and chief executive. Source:...
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